Highlighting a steady recovery of the job market, a report by Naukri.com on Tuesday revealed that online hiring activity registered a 14 per cent growth year-on-year (YoY) in January
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Highlighting a steady recovery of the job market, a report by Naukri.com on Tuesday revealed that online hiring activity registered a 14 per cent growth year-on-year (YoY) in January.
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The survey said the Naukri Job Speak index for January at 1,951 recorded a 14 per cent growth from the corresponding month in 2017, with both major urban cities, as well as tier II markets witnessing good YoY growth during the month under review.
According to the job portal's report, some of the key industries to observe growth during the reviewed month were insurance at 73 per cent and auto at 44 per cent.
"Looks like there is a slow and steady revival of the job market. The Job Speak index has shown a YoY growth of 14 per cent in January after a 10 per cent growth in December," said V.Suresh, Chief Sales Officer, Naukri.com.
"Non-IT sectors viz BFSI (banking, financial services, and insurance), auto, engineering and industrial products continue to sustain the momentum gained over the past few months. Having said that, the uncertainty in the market may continue for a few more months or so," he added.
In January 2018, jobs in the oil and gas sector grew by 43 per cent, while jobs in construction and engineering, and the banking and financial services sectors recorded a 41 per cent and 40 per cent growth in hiring respectively, the report pointed out.
"Jobs in industrial products and pharma and biotech went up by 34 per cent and 14 per cent respectively in January 2018 when compared to January 2017," said the report.
"Jobs in BPO sector witnessed a growth of 9 per cent in January 2018 when compared with January 2017, while jobs in IT-software sector slipped by 6 per cent," it added.
Other sectors included banking/insurance -- which grew by 78 per cent -- followed by production/maintenance (up 55 per cent), site engineering jobs (up 43 per cent), marketing and advertising roles (up 19 per cent), sales/BD (up 24 per cent), and BPO/KPO jobs (up 3 per cent).
The report noted that the IT industry went slow by a downfall of 2 per cent during the month under review.
Citywise, hiring activity in Delhi grew by 20 per cent, while Mumbai and Hyderabad saw 18 per cent and 6 per cent growth, respectively.
"Hiring sector in Bengaluru and Chennai remained flat in January 2018 when compared to January 2017. Kolkata saw a growth of 34 per cent," the survey said, adding that the tier II markets in terms of hiring have also performed well.
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